Civic Intelligence

Black Abolition Movement for the Mind Inc Nfp

EIN 56-2473746 • 501(c)3 • Waukegan, IL

Pub. 78 Eligible990-N CoverageNTEE P20

Profile

The nbsp;mission nbsp;of nbsp;black nbsp;abolition nbsp;movement nbsp;for nbsp;the nbsp;mind nbsp;(bamm) nbsp;is nbsp;dedicated nbsp;to nbsp;the nbsp;uplifting nbsp;and nbsp;enlightenment nbsp;of nbsp;the nbsp;community nbsp;and nbsp;people

409 Oak StWaukegan, IL 60085
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

87th percentile

0.45x

Higher debt load relative to assets than 87% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

0.24x

Higher debt load relative to revenue than 89% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2023

Net Margin

72nd percentile

28%

Higher net margin than 72% of similar nonprofits.

NTEE P20 • <$500k nonprofits • Source year 2023

Top Officer Pay

88th percentile

$9,165

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

NTEE P20 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets87th percentile

Assets

$126,188

No earlier filing loaded for comparison.

Liabilities

$56,704

No earlier filing loaded for comparison.

Net Assets

$69,484

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue89th percentileNet Margin72nd percentile

Revenue

$234,160

No earlier filing loaded for comparison.

Expenses

$168,716

No earlier filing loaded for comparison.

Net Income

$65,444

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2023: $126,188Liabilities 2023: $56,704Net Assets 2023: $69,4842023

Highlighted filing

2023

Assets$126,188
Liabilities$56,704
Net Assets$69,484
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2023: $234,160Expenses 2023: $168,716Net Income 2023: $65,4442023

Highlighted filing

2023

Revenue$234,160
Expenses$168,716
Net Income$65,444
Open 2023 Filing

Filings

Most recent year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$126,188
Liabilities
$56,704
Net assets
$69,484
Revenue
$234,160
Expenses
$168,716
Net income
$65,444
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$1.26$0.57$0.69$2.34$1.69$0.65
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$234,160
Mission and Program Overview

Mission

The nbsp;mission nbsp;of nbsp;black nbsp;abolition nbsp;movement nbsp;for nbsp;the nbsp;mind nbsp;(bamm) nbsp;is nbsp;dedicated nbsp;to nbsp;the nbsp;uplifting nbsp;and nbsp;enlightenment nbsp;of nbsp;the nbsp;community nbsp;and nbsp;people

The mission of black abolition movement for the mind (b.a.m.m.) is uplifting and enlightenment of the community through work related iniitiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,039$68,484▲ $64,445
Accounts Receivable-$48,704-
Land, Buildings, and Equipment, Net-$9,000-
Loans From Officers Directors-$4,749-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$4,039$126,188▲ $122,149
Liabilities
Accounts Payable and Accrued Expenses-$51,955-
Total Liabilities$0$56,704▲ $56,704
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,039$126,188▲ $122,149
Net Assets With Donor Restrictions$0$-56,704▼ $56,704
Total Net Assets Fund Balance$4,039$69,484▲ $65,445
Total Liabilities and Net Assets / Fund Balance$4,039$126,188▲ $122,149
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christopher BlanksPresident/CEOFT$9,165$9,165
Josephine E BlanksSecretaryFT$5,852$5,852

Board Members and Trustees

NameTitle
Pierce ColbertDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$173,829
Program Service Revenue
$60,325
Investment Income
$6
Other Revenue
$0
Change in Net Assets
$65,444
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$119,370
Salaries, Compensation, and Employee Benefits$49,346
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$43,535--$43,535
Other Salaries and Wages$34,007--$34,007
Fees for Services Accounting$14,900--$14,900
Occupancy$6,178$8,209-$14,387
Current Officers, Directors, Trustees, and Key Employees$9,165--$9,165
Other Expenses$125$6,630-$6,630
Payroll Taxes$6,174--$6,174
Travel$1,578$4,287-$5,865
Office Expenses-$1,137-$1,137
Depreciation Depletion$1,000--$1,000
Insurance-$302-$302
Total Functional Expenses$131,253$37,463$0$168,716
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$4,749-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Part VI, Section A, Line 2

“Husband and wife are providing services to the community.”

Filing and Contact Details

Filer

Filer Name
Black Abolition Movement for the Mind Inc Nfp
EIN
56-2473746
Phone
7735101713
Address
409 OAK ST, WAUKEGAN, IL 60085
Doing Business As
B a M M for the Mind

Signing Officer

Name
Christopher Blanks
Title
President
Phone
7735101713
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christopher Blanks
Formed
2024
Voting Board Members
3
Independent Board Members
3
Employees
9

Preparer

Firm
January Accounting Service
Address
1101 CHESTNUT ST, WAUKEGAN, IL 60085
Preparer
Sheila J January Fort
Phone
8472630074
Supplemental Narrative

Additional Explanations

Part V Line 14B

“NO TANNING INCOME”

Raw XML Appendix320 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1PART VI, SECTION A, LINE 2
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ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02024-11-14T12:50:46-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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